A deal that could shake the cryptocurrency market has just been revealed: SoftBank, Tether, and Bitfinex are reportedly collaborating with Cantor Fitzgerald to invest 3 billion USD in Bitcoin through a new special company named 21 Capital – and notably, the Bitcoin valuation used in this deal reaches 85,000 USD per BTC, higher than the current market price.
Brandon Lutnick – The young man behind the billion-dollar deal
Leading the project is Brandon Lutnick, son of Howard Lutnick, who currently serves as Secretary of Commerce in President $TRUMP 's administration. Brandon will run 21 Capital, a SPAC (Special Purpose Acquisition Company) – a company established solely for the purpose of raising capital for investment.
According to reports, 21 Capital will receive a total of 3 billion USD in Bitcoin from partners:
Tether: 1.5 billion USD
SoftBank: 900 million USD
Bitfinex: 600 million USD
This Bitcoin will then be converted into shares in 21 Capital, with a conversion rate corresponding to a valuation of 85,000 USD for each $BTC . This means that investors are valuing the asset higher than the current price of Bitcoin, which is around 93,100 USD, after having previously peaked at 106,000 USD this year.
Goal: To become the 'second MicroStrategy'
Not only stopping at raising capital, 21 Capital also aims to become a public and larger version of MicroStrategy – the famous company that has taken the ‘investing in Bitcoin instead of cash’ model to new heights and achieved a market capitalization of over 91 billion USD.
With backing from Cantor Fitzgerald – one of the leading financial groups in the United States – along with major names like Tether and SoftBank, this project is expected to open a new pathway for financial institutions looking to access Bitcoin in the form of equity.
Political connections and favorable context
This deal cannot be separated from the political context that supports cryptocurrency in the United States. The administration of President Donald Trump, after winning at the end of last year, has shown a more open attitude toward crypto trading and investment.
Mr. Howard Lutnick himself, who has been associated with Cantor Fitzgerald for over 40 years and currently serves as the Secretary of Commerce, is also said to have a significant influence on the direction of the subsidiary in the crypto sector.
Additionally, Cantor Fitzgerald previously announced plans for a 2 billion USD Bitcoin lending program (together with Tether) and to use crypto custody platforms like Anchorage Digital and Copper to secure digital assets.
Impact on the market and Binance users
If this deal is completed, it will create a new investment model for large financial institutions: instead of holding Bitcoin themselves and facing technical risks, they can purchase shares of a company that already owns a significant amount of BTC with clear valuation.
This could be an opportunity for Binance users and individual investors to monitor and learn strategies from professional institutions. However, it also raises significant questions about the degree of Bitcoin concentration as the asset is consolidated in the hands of large financial corporations – which goes against the original decentralized spirit of blockchain.
Conclusion: Is this a signal for the wave of ‘Bitcoin IPOs’?
The emergence of #21Capital could be the next step in the financialization trend of Bitcoin – where BTC is not only traded as a digital asset but also becomes the foundation for traditional investment products like stocks.
However, with the political context supporting crypto, investors will need to closely observe the transparency, legality, and risks as BTC gradually gets 'wrapped' in old financial structures.
Risk warning:
The cryptocurrency market is always highly volatile and not suitable for everyone. Even large-scale deals can change or fail. Every investment decision should be carefully considered, and users should do their own research (DYOR) before participating in this market.